Mubasher: The price of Kuwait’s crude oil declined by 94 cents to settle at $58.54 per barrel (pb) on Wednesday from $59.48 pb on Tuesday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC).
Global oil prices decreased on Wednesday in line with the rise in oil production and U.S reserves.
Nymex crude oil edged down 0.7% to reach $55.33 pb.
